Notice of Name Change, Transfer of Ownership, and/or Acquisition/Merger/Sale

Accredited DMCs are required to promptly notify the Commission regarding any information that reflects significant changed circumstance in the business, eligibility, geographic scope, corporate status or structure, insurance, financial, or any other information that is modified from that provided to the Commission with the initial application or renewal form, including but not limited to change of name, transfer of ownership, or the merger, consolidation, or acquisition/sale of the DMC (see Change of Ownership form below). Such notice does not imply automatic transfer of Accreditation.

Revocation of Accreditation Status

The DMC has made a material misstatement on the application or in any representation to the Commission, whether intentional or unintentional

The DMC no longer meets one or more of the ADMC Program Standards

Non-payment of accreditation affirmation or re-accreditation fees.

No DMC's accreditation shall be revoked unless the accredited company is first notified of the Commission's intent to review its status in a manner that delivery of such notice can be validated, and the reason for which the organization's accreditation is being reviewed. The DMC will be given thirty (30) days to correct the problems that the Commission identifies as jeopardizing the DMC's accredited status. If, in the Commission's determination, the problems have not been corrected after thirty (30) days, accreditation will be revoked. This decision may be appealed to the DMC Accreditation Appeals Committee. The company may reapply for accreditation no less than twelve(12) months after the date of the revocation of accreditation or at any time thereafter.

If an ADMC knowingly falls out of compliance with the ADMC program standards during its accreditation period, the DMC must notify ADMEI. The DMC will be given sixty (60) days to correct the problem, and the procedure will continue as described in the above paragraph. Failure to notify ADMEI under such circumstances may result in revocation of accreditation.